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Inflation is higher than people under 40 have seen. But their parents lived through sharper price hikes in the 1970s and '80s. These experiences are helping shape the way both view today's economy.
People under 40 have never seen inflation as high as it is right now, but their parents lived through even sharper price hikes. That colors how each generation views the economy.
Consumer prices in January were up 7.5% from a year ago, the biggest annual gain since 1982. That may seem like a lot for those under 40, but older folks have lived through even sharper price hikes.
Consumer prices in January were up 7.5% from a year ago, the biggest annual gain since 1982. That may seem like a lot for those under 40, but older folks have lived through even sharper price hikes.
Consumer prices in January were up 7.5% from a year ago, the biggest annual gain since 1982. That may seem like a lot for those under 40, but older folks have lived through even sharper price hikes.